(BKNG) - Analyzing Booking Holdings's Short Interest
Portfolio Pulse from Benzinga Insights
Booking Holdings (NYSE:BKNG) has seen a 3.98% increase in short interest since its last report, with 728 thousand shares sold short, representing 2.09% of its float. The short interest now takes 2.46 days to cover based on average trading volume. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Compared to its peers, BKNG has a lower short interest as a percentage of float, with the peer group average at 7.74%.

January 08, 2024 | 6:00 pm
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Booking Holdings has experienced an increase in short interest, which may suggest bearish sentiment among investors. However, its short interest is still below the peer group average, indicating less bearish sentiment compared to its peers.
While the increase in short interest for Booking Holdings indicates that some investors are expecting the stock price to decline, the fact that it is below the peer average suggests that the sentiment is not as bearish as it could be. The impact on the stock price in the short term is uncertain, as short interest is just one of many factors that can affect stock prices.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80